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minimum
deposit to
open an account: Rs 50000
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interest paid monthly,
quarterly, annually or at maturity
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interest
paid through the credit to savings or current account,
credit to a third party account
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Deposits
uplifted before maturity:
if within 3 months of date of deposit, interest is forfeited
if after 3 months of date of deposit, interest will be paid at
1% per annum less than the appropriate rate applicable at the time
the deposit was made and for the period elapsed
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handy as security for a
loan facility
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Time
Period:
12 months, 24
months, 36 months,
48
months, 60
months
N.B. fixed deposits generally yield more profitable rates of interest than
the Savings Bank rate
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accounts may be operated in the
following main foreign currencies:
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[gbp]
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great
britain pound sterling
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[usd]
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united
states dollar
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[eur]
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european
monetary unit (euro)
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[chf]
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swiss
franc
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[aud]
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australian
dollar
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[zar]
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south
african rand
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minimum deposit to
open an account |
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gbp |
usd |
eur |
aud |
zar |
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5000 |
5000 |
5000 |
10000 |
50000 |
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*
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please note that the interest rates
will vary from time to time according to fluctuations on the International Money
Market
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Time
Period:
7 days, 1
to 12
months, 12 months
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N.B.
once a foreign
currency fixed deposit is opened, we recommend that it is coupled with a
foreign currency account, into which interest is earned on the deposit
may be credited at maturity
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